ITG FAQ #20 Answer-Does the Bank Secrecy Act (BSA) require anything else other than the filing of the SARCs and CTRCs?

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ITG FAQ #20 Answer-Does the Bank Secrecy Act (BSA) require anything else other than the filing of the SARCs and CTRCs?

The BSA mandates that casinos develop and implement a program that is reasonably designed to assure and monitor compliance with the Act. The program must include training of casino employees, since they are so important in the efforts to combat money laundering, and comply with all the requirements of the BSA.

NOTE: The BSA also requires that several records be kept. See Frequently Asked Questions for Title 31 for more details.

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Page Last Reviewed or Updated: April 08, 2011